AZRB to redevelop Bangunan MAS

KUALA LUMPUR: Ahmad Zaki Resources Bhd (AZRB) has won a RM673 million job to redevelop Bangunan MAS in Jalan Sultan Ismail here.

The contract was awarded by Permodalan Nasional Bhd (PNB), Ahmad Zaki said in a statement to Bursa Malaysia yesterday.

PNB bought the 35-storey building from national carrier Malaysia Airlines about five years ago for RM130 million.

Ahmad Zaki will demolish an existing podium at the 35-storey building, build a 50-storey hotel and upgrade the existing 35-storey office building.

The hotel will also have six-storey basements for car park and mechanical and electrical service area.

Construction is expected to be completed by October 2017, the company said.

By Business Times